Seller's Agent in 2025
Ryan Taylor
Fortune RE
(774) 270-4020
1 in this area
29 Total Sales
21 Allen St Somerville, MA 02143
Ward Two Neighborhood
76
Beds
91
Baths
47,572
Sq Ft
0.41
Acres
Highlights
- New Construction
- Solar Power System
- 0.41 Acre Lot
- Somerville High School Rated A-
- City View
- Property is near public transit
About This Home
As of January 2025The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $57,409
Year Built
- Built in 2025 | New Construction
Lot Details
- 0.41 Acre Lot
- Fenced
- Level Lot
- Cleared Lot
Home Design
- Home to be built
- Concrete Perimeter Foundation
Interior Spaces
- 47,572 Sq Ft Home
- Insulated Windows
- Insulated Doors
- City Views
Bedrooms and Bathrooms
- 76 Bedrooms
Eco-Friendly Details
- Solar Power System
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Total Actual Rent $15,322
- Assessor Parcel Number 759249
Community Details
Overview
- 69 Units
- Property has 1 Level
Recreation
- Bike Trail
Additional Features
- Shops
- Net Operating Income $250,164
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/27/2025 01/27/25 | Sold | $7,300,000 | -8.8% | $153 / Sq Ft |
| 01/27/2025 01/27/25 | Pending | -- | -- | -- |
| 10/15/2024 10/15/24 | For Sale | $8,000,000 | -- | $168 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Ryan Taylor
-
Justin Pepple
J
Seller Co-Listing Agent in 2025
Justin Pepple
Fortune RE
(781) 307-7752
2 in this area
10 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73329721
APN: SOME 82-D-14
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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